Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 23,737 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 23,737 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $6.11, for a total value of $145,033.07. Following the completion of the transaction, the chief executive officer now directly owns 2,062,997 shares in the company, valued at approximately $12,604,911.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Richard Todd Schwartz also recently made the following trade(s):

• On Monday, April 1st, Richard Todd Schwartz sold 101,951 shares of Rush Street Interactive stock. The shares were sold at an average price of $6.78, for a total value of $691,227.78.
• On Tuesday, March 19th, Richard Todd Schwartz sold 38,687 shares of Rush Street Interactive stock. The shares were sold at an average price of $5.83, for a total value of $225,545.21.

Rush Street Interactive Trading Down 2.8 %

RSI opened at $5.98 on Friday. The business’s fifty day moving average is $6.13 and its two-hundred day moving average is $4.96. Rush Street Interactive, Inc. has a one year low of $2.85 and a one year high of $7.31.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $193.85 million for the quarter, compared to the consensus estimate of $181.50 million. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. Analysts forecast that Rush Street Interactive, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Oppenheimer upped their price objective on Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Susquehanna reaffirmed a “neutral” rating and set a $6.00 price objective (up previously from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Needham & Company LLC upped their price objective on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Company upped their price objective on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus target price of $7.50.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of the company. HG Vora Capital Management LLC boosted its position in Rush Street Interactive by 16.7% during the fourth quarter. HG Vora Capital Management LLC now owns 7,000,000 shares of the company’s stock worth $31,430,000 after purchasing an additional 1,000,000 shares in the last quarter. Canyon Capital Advisors LLC boosted its position in Rush Street Interactive by 66.5% during the first quarter. Canyon Capital Advisors LLC now owns 5,735,284 shares of the company’s stock worth $17,837,000 after purchasing an additional 2,289,730 shares in the last quarter. Vanguard Group Inc. boosted its position in Rush Street Interactive by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 5,395,483 shares of the company’s stock worth $24,226,000 after purchasing an additional 195,985 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Street Interactive by 8.4% in the second quarter. Goldman Sachs Group Inc. now owns 4,731,177 shares of the company’s stock valued at $22,095,000 after acquiring an additional 365,981 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in Rush Street Interactive by 24.7% during the fourth quarter. Nomura Holdings Inc. now owns 4,184,373 shares of the company’s stock worth $18,788,000 after acquiring an additional 828,984 shares during the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.